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| March 18, 2010 Canadian Orebodies Assays 1.54% Li20 Over 6.98m and Other High Grade Lithium/Rare Metals | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TORONTO, March 18, 2010 --- Canadian Orebodies Inc. (TSXV: CO) ("Orebodies") is pleased to announce assay results from the channel sampling program which has demonstrated rich, wide spread zones of lithium/rare metals on Orebodies Falcon Property, located approximately 60km NE of Armstrong, Ontario. The Falcon Property consists of 60 claim units and is owned 100% by Orebodies (subject to a 2% NSR, 50% of which can be purchased by Orebodies for $1,000,000). Highlights
There were a total of 17 channel cuts taken from the Falcon property during Orebodies work program late last year. Results from 13 of the channels on the property indicate there is a zone of strong lithium enrichment which contain significant quantities of rare metals (rubidium, tantalum, beryllium, niobium, cesium, tin and gallium) stretching over 60 meters. The majority of the property lies in an area which was recently clear cut and is easily accessed via an all season road. This type of landscape is desirable for further advanced exploration on the property which is being planned to commence this spring. Gordon McKinnon, President and CEO commented "The results from our Falcon property channel sampling program continue to encourage us with excellent lithium grades, and enforce the values previously reported by our grab sampling program". TABLE 1 -- CHANNEL ASSAYS FOR FALCON LAKE PROPERTY
A thorough quality control program is in effect which includes inserting standards and blanks alternating every 10 samples. All samples were submitted to ALS and analyzed using four acid digestion and ICP-AES and ICP-MS. For more information on assay methodology please visit the ALS Laboratory Group. Website at http://www.alsglobalcom This press release has been prepared under the supervision of Mr. Don Hains (P.Geo.)., who is an independent consultant to the Company and a "qualified person" (as such term is defined in National Instrument 43-101). Mr. Hains has verified the technical data disclosed in this press release. For more information please contact: Gordon McKinnon, President & CEO Canadian Orebodies Inc. (705) 268-9000 www.canadianorebodies.com Forward Looking Information: This press release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to mineral resources, potential mineralization, exploration results and the Company's plans with respect to the exploration and development of the Properties) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, changes in commodity prices, changes in equity markets, failure to establish mineral resources, changes to regulations affecting the Company's activities, delays in obtaining or failures to obtain required regulatory approvals, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties involved in interpreting drilling results and other ecological data, and the other risks involved in the mineral exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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